RE:RE:RE:RE:Here is My Math For Today's Close..I follow oil a lot and in my opinion oil will go up as soon as there is a sign of this virus levelling off... But think about it, in the USA they have 800k cases and want to open the economy back up, that would be a disaster, cases will skyrocket.. they have well over 300 million people in the US, in Canada it will also rocket as soon as the enconomy opens up again.. Oil is going to fill up storage before this happens, and there wont be any inventory draw downs until things are back to normal... My opinion is oil is under $30 for at least a year.... UNLESS there is a vaccine soon !! that would be awesome.
AngelaF wrote: Hi Mat1791,
"If" all the country begin to unconfined their peoples slowly in May and everything is back to "normal" in June/July, the oil price can be back to 40$-50$...??
What you think? Thanks